HONG KONG (Reuters) -Hong Kong’s finance chief said on Thursday he does not see a sharp risk to the city’s real estate market nor a need to adjust property control measures, as the financial hub braces for more interest rate hikes.
Finance Secretary Paul Chan was speaking after the Hong Kong Monetary Authority raised its base rate charged through the overnight discount window by 75 basis points to 3.5%, its highest since October 2008, following the same move by the US Federal Reserve.
Chan said that while home prices in Hong Kong have dropped close to over 6% in the…
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Processed or ultra-processed?
An article earlier this year in the European Journal of Nutrition reported that high consumption of ultra-processed foods is linked to worse-than-average performance on one particular test of cognitive function in older US adults (60+ years-old) who did not have chronic diseases such as diabetes or cardiovascular disease. The particular test was “Animal Fluency.” Never heard of it? Me either. Keep reading.
The study included 2,700 participants, average age 69. Participants were asked to recall what they ate in the prior 24 hours. Foods were “classified according to NOVA, a food classification based on the extent and…
(Reuters) – Planemaker Boeing Co said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources into manufacturing and product development.
The company will reduce staffing in its information technology and finance departments, Boeing said in an emailed statement to Reuters.
Boeing, which has dealt with engineering and production issues in the past, said it increased its workforce by about 10,000 employees earlier this year and ramped up hiring in its engineering and manufacturing departments to respond to the market demand.
In the aftermath of…
Arsenic-based pesticides have been used in agricultural practices for many years, and, accordingly, soils and groundwater in the US are contaminated with varying levels of arsenic. Because arsenic exists in soil and water, it finds its way into our food supply. And nearly all foods contain some level of arsenic.
What Foods Have the Most Arsenic?
Studies show that most of the arsenic in the American diet comes from meat, milk, poultry, pork, eggs and seafood. Poultry is the worst offender. Some chickens exceed the EPA safety limit for arsenic by 2,000%. Meat and poultry are high in arsenic because…
SAN JOSE (Reuters) – Costa Rica’s Congress opened an investigation on Wednesday into complaints of illegal financing during the electoral campaign of President Rodrigo Chaves, who took office in May.
A special commission, backed by the opposition, will spend two months investigating complaints regarding bank accounts with ties to several political parties, including Chaves’ Social Democratic Progress Party.
The investigation by lawmakers follows the opening of another probe by prosecutors, which could lead to the suspension of immunity protections for Chaves and Vice President Stephan Brunner, who served as Chaves’ campaign treasurer.
Chaves, who ran for office on a message…
Personal finance champions the idea of keeping your expenses low. If you’re trying to start a family, however, that aspiration may be easier said than done.
Around 15% of couples encounter infertility problems globally, according to the World Health Organization. Some infertility diagnoses can be resolved naturally, but for many, procedures such as intrauterine insemination and in vitro fertilization have the best chance of conception. In the US, the average cost of one round of IVF is $12,400, according to the American Society for Reproductive Medicine, with most couples enduring multiple rounds of treatment.
Ali and Josh Lupo were one…
Runway Growth Finance Corp. (NASDAQ:RWAY – Get Rating) shares gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $11.92, but opened at $12.25. Runway Growth Finance shares last traded at $12.55, with a volume of 600 shares traded.
Specifically, insider Thomas B. Raterman purchased 6,415 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were acquired at an average price of $11.73 per share, for a total transaction of $75,247.95. Following the acquisition, the insider now directly owns 91,747 shares…
Lument Finance Trust Inc. (NYSE: LFT), a New York-based real estate investment trust (REIT), declined in price this week to another new 52-week low.
Many REITs have been bouncing off of lows in November, but after Lument reported funds from operations of $0.01 per share earlier this month, the selling picked up.
The company specializes in commercial debt investments “with a strong emphasis on the middle market multifamily sector,” according to its website. That’s a tough business right now with the Federal Reserve steadily raising interest rates and the 30-year fixed mortgage rate up above 7%.
Lument trades with a…